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In the first quarter of 2023, cashless transactions across fintech entities in Nigeria grew by 44.84 per cent amounting to a total of N126.73 trillion naira up from N87.73 trillion naira in the corresponding period of 2022. [9] [4] But the growth of fintech has also led to increased cyber-attacks against fintech entities. In December 2023 ...
Olayinka David-West is the Associate Dean at Lagos Business School(LBS), Pan-Atlantic University in Lagos, Nigeria. [1] She is currently the program lead for the Sustainable and Inclusive Digital Financial Services (SIDFS) initiative, which is dedicated to conducting research, engaging stakeholders, and proposing policy amendments to enhance financial inclusion in Nigeria.
"Fintech", a clipped compound of "financial technology", refers to the application of innovative technologies to products and services in the financial industry.This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as ...
Pages in category "Financial technology companies of Nigeria" The following 7 pages are in this category, out of 7 total. This list may not reflect recent changes. F.
In 2022, Moniepoint was named One of the Most Promising Fintech Startups by CB Insights [13] and also won the Financial Inclusion Award. [14] In 2023, Moniepoint got listed by the Financial Times as the Second-Fastest Growing Company in Africa. [15] Also, it was awarded the Rising Star Family Business award organized by Business Day and PwC ...
Interswitch is a leading African integrated payments and digital commerce platform company headquartered in Lagos.Founded in 2002 in Nigeria, as a transaction switching and processing company with national focus, Interswitch progressively evolved to incorporate consumer financial services with the successive launches of Quickteller, a retail payments ecosystem linking merchants and billers ...
Opay Digital Services Limited commonly called Opay, and formerly Paycom Nigeria Limited, is a fintech mobile money operating company founded by Zhou Yahui and Djxbazz in 2013 with headquarters in Ikeja, Lagos State, Nigeria. [1] It is among the four major fintech companies in Nigeria: Moniepoint Inc., Kuda, and PalmPay. [2]
Nigeria's goal under the National Economic Empowerment Development Strategy (NEEDS) program is to reduce inflation to the single digits. [57] By 2015, Nigeria's inflation stood at 9%. In 2005, the federal government had expenditures of US$13.54 billion but revenues of only US$12.86 billion, resulting in a budget deficit of 5%.